date:Nov 19, 2012
following JBS's takeover of local poultry processor Independencia.
In April 2012, JBS acquired Independencia, which entered into bankruptcy as a result of the 2008 financial crisis.
Meanwhile, the company reported a profit of R$367m ($178m) for the third quarter of 2012, up from a loss of R$68m ($32.94m) in 2011, driven by the strong performance of its beef business and a weaker Brazilian currency.
Net sales increased 24% to R$19.4bn ($9.4bn), while earnings before interest, taxes, depreciat